With visions of bulls dancing in their heads, Wall Street traders expect the market's good cheer to continue in the coming week.
"It looks like the stampede to the upside is not quite over, even though the market is grossly overbought," says Randy Diamond, sales trader at Miller Tabak. "A reversal of trend could be two days or two weeks away, but with all of the performance chasing into year-end, it's too dangerous to pick a top."
The Dow Jones Industrial Average continued its march higher Friday after a Labor Department report that the November consumer price index was unchanged from the prior month, easing concerns about inflation. The blue-chip average finished at a record 12,445.52. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.91 | 1,096.40 | 2,151.22 | 32.33 |
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76.70
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10 Yr
3.23%
SPDR Gold
115.37
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-1.14%
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-1.28%
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-1.40%
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